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FOX Business
Nov 25, 2012 2:30am EST
and the jobs and economy. you can see what is happening with our twinkie and hostess and all . people who make them. they are out of the a job because of union workers who are demanding more. be lucky you have a job right now. >> wayne, if you look at thanksgiving to news years. and this is it super bowl for retailers for profits and unions know that and the timing is rough, don't you think? >> i don't see it that way. timing is off. you have merchandise in the tore right now. you caint sell it for the holiday season. what happens on black friday and going forward into the christmas season. all of that merchandise has to be here. you have to ordered that months ago. these strikes are not hurting it hurts the walmart protest that could hurt shopping. port authority in oakland not necessarily behaved. they are onef the mot notorous unions. >> and at the same time certainly labor has a right to have their voice and issues whether it is health care or pay. >> they are choosing america's holiday season to get their message across and get their employers on the spot. you think that turns the sentime
CSPAN
Nov 27, 2012 8:00pm EST
've spent a good deal of your career working on, mr. hall, has been the improvement of the american economy. and tonight i'd like to join a couple of my colleagues on the democratic side to talk about the economy and specifically to talk about jobs and the things that we can do here in the a winning days of this congress -- wanning days of this congress to create some job opportunities. we've got some very heavy lifting here in congress in the next month and a half. everybody wants to talk about the fiscal cliff, some talk about austerity, bomb, others talk about what needs to be done to lift the debt limit. and all of these issues are before us. tax increases are not. but underlying all of that, foundational to all of that, is putting america back to work. getting americans back into their jobs. if we do that we will clearly increase employment and when you increase employment you always increase tax revenue to the federal government, to state governments and local governments. so our principle task as i see it and i think i'm joined by many of my colleagues, both democratic and republican
CNBC
Nov 27, 2012 4:00am EST
and extend the maturity of existing loans. mark carney prepares to take up the reigns of the uk economy any. unlikely to be any good news. third quarter gd figures expected to be revised down. and it's point, click, buy. americans were doing plenty of that yesterdays as early reports suggest online holiday sales soared on cyber monday. and all bets are off. prediction market entrade says it can no longer accept u.s. customers as market regulators say its trades aren't legal. shanghai composite closed below 2,000 for the first time in three years. it comes at a time when plenty have been talking up chinese growth prospects for next year. so we'll get into that more later. but 1991 is the closing level. this the main one to watch across asia. the nikkei did manage to continue it rally adding about 0.4% as the yen weakens on comments this morning. forex, the dollar-yen one to watch, 82.19 is the level there. the aussie dollar doing a little bit abouter despite that weak number on the shanghai composite. sterling is flat. we'll get into that more later. and euro-dollar just barely higher today,
CSPAN
Nov 28, 2012 1:00am EST
, investors in the financial markets and the real economy, you need sustainability and credibility. the problem with the european union for the time being is that decisionmaking is not sustainable. the united states has a common economic area with a common currency. one central bank, one parliament, and one government. the european union has an economic area with one currency, one central bank, and 17 governments in the eurozone. how the fine trust when you have every day after the decision making, another government -- how you can find an investor going to greece, today you invest in euros. tomorrow, the currency of greece, nobody knows. what kind of investment will go to greece. the biggest problem is not to fill the gap in the public coffers of greece. my eyes, it is a credit crunch in some of the countries. i met the chairman of the greek chamber of commerce when i was there and he'd tell me we have about 300 small and middle sized companies. ferry transport is a very important element of the greek economy. in the health-care system, whatever. most of the jobs are created in sm
CNBC
Nov 28, 2012 4:00am EST
's really thinking that we're going to get this full 3.5%, 4% gdp hit smack into the economy on january 1st. the problem is that time is marching on. we've had the election, we've had thanksgiving. the excuses are running out. the lame-duck session is only so long. that's probably why the markets are getting nervous. although you may get a deal done in q-1 rather than in q-4, the fact that it actually hits from january 1st is going to keep business very cautious, very defensive and that's going to worry the equity market. >> it's interesting because it also comes against the landscape where we've seen chinese equities underperform, they reminded us very few of its member countries have great growth prospects going forward. that's probably wise. people are saying why is it that across the globe the u.s. fiscal cliff is such an issue. well, it's because sources of growth at this point are few and far between. >> that is the problem. where is growth going to come from. the one place that looked set for a reasonable 2013 was the u.s. economy. europe flat, china slower probably than this year. b
FOX Business
Nov 23, 2012 2:00pm EST
, even in an obama economy. we have all the information you need to rake it in, even when they say it's not, it's always about money. ♪ >> starting off, oil and energy, hosting money from houston, i sat down for an exclusive one-and-one with the ceo and co-founder of ki in, -- kinder morgan. we focus on the future of the energy business and natural gas. this is what he said. >> we need to have a level playing field. we need to have, in the energy field, for example, we have just tremendous opportunities, particularly in the natural gas area. we got a game changer here. we got a fuel that's cheap, abundant, domestic, plentiful.g we ought to be doing everythingp we canlo to exploit that. melissa: fracking for natural gas?oded >> natural gas in general.e the shale place, which, of course, predicated to fracking, but the opportunities forrtun natural gas, you want to talk about response to climate change and reducing co2 emissions, thio is the golden key to open the door more than most renewables will ever be because you move needle with natural gas, and a five to ten year feared, --dea
CSPAN
Nov 21, 2012 7:00am EST
on the horizon. that's where we begin this morning. how confident are you about the state of the u.s. economy? what steps are you taking to prepare for the potential impact if the u.s. goes off the fiscal cliff? give us a call this morning. you can also catch up with us on all your favorite social media sites, twitter or facebook. or e-mail us. thismorning to you on wednesday, november 21. we are talking about federal reserve chairman ben bernanke's comments yesterday about the fiscal cliff, and getting your thoughts on bthe u.s. economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they do it, making a point that voters will be looking to see if they can do this in a cooperative manner, whether
NBC
Nov 26, 2012 5:30pm PST
approaching, there is a big story looming on the economy. and before this is over it is going to affect every american who pays taxes, has a mortgage or -- has to manage their own money, and that is every american. tonight, while shopping is a big story, along with the surprising amount americans are spending the bigger story is the fact that some very tough choices are coming, and it is the folks in washington who are going to decide for everyone. we have it all covered tonight, beginning with our chief white house correspondent, chuck todd, good evening. >> reporter: good evening, leaders in wall street and washington have been warning for weeks of a possibility of an economic downturn if they don't avert what we have been calling the fiscal cliff. and yet the consumers we have been talking about are not acting very worried. trying to capitalize on the strong holiday shopping season, the president warned that the economy will spiral downward if it is not addressed. >> i think it is a reason that retailers are so concerned. that congress has not yet extended the middle class tax cuts. >> rep
FOX Business
Nov 24, 2012 12:00am EST
, and they continue to function in an economy with china, india, south korea, and other countries nothr buying into the sanctions, and, thus, they continue to create app economy frustrate sanctions. talk about this, expose it, impose harder sanctions on iran. melissa: what is it we can do about this? >> well, you know, i think it'st more complicated than that in that first of all, turkey supposedly is in a approximatey civil war against iran and syria supporting the opposition so eitherhey are speaking the truth or openly lying, and we can have a much stronger statement from the president looking for regime change inia syria, and all the while turkey funneling millions of dollars to iran. one is a war of words.war second, is also other partners s like dubai who supposedly is ani ally that also is just a hundred miles across the sea from iran, and shifting also some of that ld to them so we have other. players. india's an ally, other allies subverting sanctions through the new identity list gold economyys providing $1 billion to $2 billion a month bypassing t sanctions. melissa: when i heard th
CNBC
Nov 26, 2012 6:00pm EST
swath of the economy, i can't stress how important this trend might be. hey, let's take the rails. >> all aboard! >> they've been horrendous in large part because of decline in coal shipments to our power plants which are nat gas. china is building hundreds of coal burning plants. when electricity is used, you'll see stocks like csx and norfolk southern start to bottom. you know what? i think they bottom now. just how powerful is china? consider this. last week we had a truce between the israelis and gazans. it took people by surprise. how can it stay high given the sudden ephemeral peace? oil didn't fall. that's because of rapacious chinese demand. there's europe. deal talks were in the air friday. that means a day when the industrials that had so much riding on return to growth in europe could blossom. they were some of the best actors out there. good news for europe, still good news for the international u.s. banks. they went up, too. jp morgan, goldman sachs. retail. we got terrific news on friday. initial returns from the black thursday which used to be black friday, tremendo
CSPAN
Nov 24, 2012 9:30am EST
. this is someone else on the investment committee said. is point was the transformation of the world economy lift poor people in china and india into the middle class and one american drops out of the middle class, that is not such a bad trade, 4-1. i spoke to a cfo of a u.s. technology company and this is a person with a charming and lovely life story, his parents were immigrants and he told me his parents told him and his brother when they immigrated that they were temporarily for. imagine that, temporarily poor and sure enough complete rock stars, both of them went to new york. and the mass club, one brother in silicon valley and another is derivative on wall street. the technology cfo, his parents were really angry at him because he dropped out of a ph.d. program in applied math at stanford having gone to harvard to start becoming plutocrats. very hard-working guy, did smart, did great, this is what he said about the american middle-class. we are demand higher paycheck than the rest of the world. if you are going to demand ten times the paycheck you need to deliver ten times the value. it sou
CSPAN
Nov 21, 2012 7:00am EST
opportunities of a state. so did the prime minister to drive these over the economy. >> made the offer to the hon. gentleman on would happily share a platform to defend the united kingdom. the invitation got lost in the post and i make the offer again. and we have seen the report a preliminary report before the full report. that is why the office of fair trading has a new power to suspend the consumer credit license. the report shows many companies are not sticking to the guidelines and that is not acceptable. >> my right hon. friend with the study to make sure milton king is the area for economic growth. >> my hon. friend is a spokesman and welcome to me many crimes and has a successful economy. one of the things we need to change is to get the housing market moving again and i am convinced that as part of the recovery. >> many apprenticeds, the youngest only two pounds 60 an hour so the prime minister could take away benefits from young people who simply cannot live -- >> this government supports the growth of the princessships, under this government on the issue of housing. where th
CSPAN
Nov 20, 2012 8:00pm EST
a lot of -- >> he's got a cleaner slate than four years ago with an economy. >> start building the sub structure to show actual progress. a debate in the white house is, like, it's a long term thing, health care, for instance, but showing results any time soon to people in need. well, that was the long term game. of course, the stimulus was the short term game, but, still, americans don't feel the effects. some of it is marketing, some of it is real, of a lot of what obama's done. i think the key now is, because of the re-election, he'll actually have time for americans just to go, well, i feel a little better, and it's substantive, it's real. my health insurance -- >> that was true of clinton, and david said in the conversation that clinton adopt seize the reigns of a -- didn't seize the reigns of a second term. >> seized something else instead. [laughter] [applause] >> that was good. >> the whole year before wasting 1997 before the scandal broke will. >> welfare reform -- >> asking dave because we're in biography here. i'm fascinated by them figuring out who they were in childhood. y
NBC
Nov 25, 2012 3:30pm PST
will about the state of the economy but americans didn't hold back this holiday weekend. a record number of shoppers were out there, 247 million in all. the amount spent per shopper last year, total spending was up, online sales was up too. that doesn't include all the online spending about to happen tomorrow. we begin with kristen dahlgen at a mall in california. kristen. >> reporter: good evening, kate. those door buster deals may be gone but the shoppers aren't. you can see them up here wrapping up a retail at the national retail federation is calling as impressive as we've seen. from the moment doors opened thursday before the thanksgiving dishing were even done until they close tonight almost a quarter billion shoppers will have been online or in stores. >> put my sneakers on and go for it. >> reporter: shopping started earlier than ever. in spite of the employee protests, the early opening paid off. more than 35 million shopped on thanksgiving. six million more than last year. black friday was big too. 89 million brave the crowds in search of those hard to beat bargains up from 86
MSNBC
Nov 27, 2012 2:30am PST
to cripple the syrian economy. eight round-trip flights between moscow and damascus delivering more than 200 tons of, quote, bank notes into syria. u.s. and european sanctions include a ban on syrian currency in an attempt to slow the violence that's killed thousands of people. syria and russian officials have so far not responded to the reports. >>> overseas tens of thousands are rallying today in cairo's tahrir square protesting what they view as a blatant power grab by president mohamed horsey. with tensions mounting yesterday, morsi appeared to soften his controversial attempt to award himself near absolute power above the reach of the law. in a vaguely worded statement, morsi spokesman backtracked slightly saying that only acts of sovereignty would be immune from oversight. >>> well, u.s. consumers went big this weekend for small business saturday. millions of holiday shoppers spent a total of $5.5 billion during the third annual local business shopping event. mika spent half of that in the south of france. and that's not even counted in that tally. for more on the holiday shopping seas
CNN
Nov 27, 2012 11:00am PST
, and they're not interested in raising taxes, they think it is a bad idea for the economy. the only way to have a stimulus to the private sector is to leave more money in the private sector. the other thing that folks in kentucky don't understand is that why is it a fiscal cliff to cut spending? most people in our state think we're spending too much money up here and we should cut spending. in fact, the majority of congress voted for this sequester. why was it a good idea a year ago and now it is not a good idea. >> on spending and spending cuts, you may have something in common with the president, which i want to get to. you mentioned the people in your great state of kentucky and, look, we know and we're all hoping they're out and about shopping, it is holiday season, and in terms of the timing with this -- with this deal, you know, hopefully getting done before january 1, a lot of people want to avoid the tax increase that will automatically happen as people are paying those holiday bills, right? >> here's my question. if it is bad to raise taxes on everyone, why is it good to raise
CSPAN
Nov 23, 2012 9:00am EST
.7%, the highest since july, 2007 and 60.8% in october, 2011. what does it mean for our economy? guest: sometimes there is a direct correlation between what we see in terms of how consumers feel about the economy and what they are willing to spend in terms of the holidays and in general. what we are seeing now especially when you look at the university of michigan reported that the optimism about progress in the job market is offsetting a lot of concern about the fiscal cliff and the possibility of tax increases and cuts to government spending. host: when you look at consumer confidence and sentiment, what factors are in play? guest: a lot of times it has to do with how they feel about their own personal fan -- finances and how they feel about the job market and the prospects of finding employment or losing employment. there is a lot of concern still about the high unemployment levels but the idea that the housing market is improving and the idea that there are a lot more employers that are willing to slowly higher at this point seems to be reassuring consumers that there is some hope for the eco
CNBC
Nov 28, 2012 6:00am EST
.s. treasury department is now stopping short of labeling the world's second biggest economy a currency manipulator. the white house is expected now to send the congress a multi-billion-dollar request on the recovery from superstorm sandy. the storm caused an estimated $71 billion in damages in new york and new jersey, and some congressional aides saying the request for funding would likely be at least $11 billion. the move comes as canada gets close to its decision on whether to approve the transaction. the energy companies say discussions with the committee are still in progress, and of course they had to file approval because they have extensive operations in the u.s. gulf of mexico. >>> "the wall street journal" reporting that virtue is emerging as the frontrunner to buy knight capital. they would possibly sell off parts of that business. finally, we can't get away from the story of twinkies. the bakers union of hostess brands wants a bankruptcy judge to appoint a chapter 11 trustee to ensure an orderly winddown. the union is saying it objects the allowing incumbent management to su
CSPAN
Nov 25, 2012 9:00pm EST
these over the economy. >> made the offer to the hon. gentleman on would happily share a platform to defend the united kingdom. the invitation got lost in the post and i make the offer again. and we have seen the report a preliminary report before the full report. that is why the office of fair trading has a new power to suspend the consumer credit license. the report shows many companies are not sticking to the guidelines and that is not acceptable. >> my right hon. friend with the study to make sure milton king is the area for economic growth. >> my hon. friend is a spokesman and welcome to me many crimes and has a successful economy. one of the things we need to change is to get the housing market moving again and i am convinced that as part of the recovery. >> many apprenticeds, the youngest only two pounds 60 an hour so the prime minister could take away benefits from young people who simply cannot live -- >> this government supports the growth of the princessships, undethis government on the issue of housing. where there's a problem this needs proper attention. we give some young peop
FOX Business
Nov 27, 2012 11:00am EST
send the entire world economy into a recession. steve moore is here, senior economics writer at the "wall street journal." he joins us now from washington, d.c. will they prevent it, steve? >> the good news is, no one should ever listen to what they say. but, you know, these go sheesh and keep rolling on. my sources on capitol hill say that there is still a lot of gridlock there. the main thing, in my opinion, can they reach a deal on these taxes that does not require all of the requirements of business to go up? dagen: do think that happened, because again, there are so many taxes that we need to worry about, the lawmakers never fixed it for 2012. if they do not fix that, it will hit 33 million americans. the payroll tax cut. will that go away, because, again, it was temporary ones, temporary twice and it will still be a higher tax. >> im so glad you brought up the amt. nobody has really been focusing on this. that would be bigger than even extending the bush tax cuts. you are talking about $2 trillion in additional taxes on americans over the next decade if we do not fix th
KCSMMHZ
Nov 21, 2012 6:00am PST
an agreement by year's end. such a situation is feared to trigger a plunge in the economy. panetta warned that defense spending will be subject to drastic cuts if lawmakers failed to reach a consensus. >> the worst thing that could happen from my perspective is that they just kick the can down the road. all that would wind up doing is continuing to present a shadow over the defense department and for that matter, the rest of government. >> the defense department is already planning to reduce its budget by about $500 billion over the coming ten years. panetta has voiced concern that further cuts could undermine barack obama's new defense strategy that lays more emphasis on the asia pacific region. >>> japanese officials are scratching their heads about how to deal with sluggish trade. sales to foreign countries have plunged leaving japan in a trade deficit for the fourth straight month. finance ministry officials released preliminary figures shortly before the markets opened. the deficit came in at $6.7 billion. exports fell by 6.5% from a year earlier. exports have fallen five months in a
CNBC
Nov 27, 2012 6:00am EST
40. >> if you're trying to forecast the economy, what matters is what america actually decides, not what it should decide. what it's actually going to decide is a small bargain that gets us through 2013 and doesn't fix the problem. that's the reality that we're going to face. >> so your gdp under that scenario for 2013, 2014, 2015 -- >> yeah, for 2012, we'll have about two quarters of 1.5%. i think we'll get some resolution by mid year so we'll grow 2.5%, maybe 3%. >> mid year. >> yeah. and then in 2013, i think you can grow 3%, maybe more as long as you have -- >> if you just let it ride? >> that's my forecast. we're not going to fix these fundamental problems except over a ten year period with 10 or 15 pieces of legislation. >> medicare alone is 42 trillion unfunded. social security 20.5 trillion. and then you add the 16 that we know about to that. none of these are in black and white those first two that i mentioned. you add it all together, 86.8. >> a lot depends on what happens to medical care. i mean, one thing that could change these estimates tremendously, find a cure f
CSPAN
Nov 25, 2012 11:00pm EST
. but the transformation of the economy and meanwhile what america and drops out that is not a bad trade. i spoke to the cfo of but technology company as a person that was tied with these born and told me his parents told him that they were temporarily pour. imagine that. sure enough him and his brothers are both rock stars and avid members of the club now they find it. one does silicon valley the other does derivatives on wall street. his parents were angry because he dropped out of the ph.d. program of applied map after going to harvard. very smart and it did great and this is what he said. we demand a higher paycheck and the rest of the world. said you need to deliver 10 times the value. it sounds harsh but people in the middle class need to decide to take a pay cut. similarly was when i heard about the financial crisis. i expected wall street to feel guilty and realize you don't tell the truth to the reporter but they are off the record. almost invariably they did not blame themselves. this ceo told me sincerely he did not feel guilty for the crisis the culprit was his cousin who owns three c
MSNBC
Nov 28, 2012 2:30am PST
on the economy running in to the holiday season. so we have the better housing numbers, up 3.6%. then we had a stronger consumer confidence number and we're seeing the best consumer confidence since, what, february 2008. let's put it in context. we're just in 73 territory on the digits. 90 would be where the economy would be if everybody was happy with their lot. and we're still some way away from that 90 figure. but apparently things improving on the fact employment is picking up. so it would appear that things are getting brighter for the u.s. economy, but, boy, we still need to bang some heads together on this fiscal cliff because until we're going somewhere on on that, these markets are treading water right now. back to you. >> all right, geoff cutmore live in london. thanks. >> what would you do with 500 pll million? >> i would say that's gambling and that when we cover the story, we ought to talk about the draw backs on people being taken advantage of and never get any money. >> t.j., how close did you get to becoming extraordinarily wealthy just this time last week? >> pretty close. o
CNBC
Nov 21, 2012 6:00am EST
that central bankers can't rescue the u.s. economy if it goes over the fiscal cliff. paul is president of financial capital. given that we're talking about this so much with these guys not around, all we do is we keep showing how much time we have as it's ticking down. when they do get back, paul, how do you think that the deal looks if they do put one together, and do they get it done? >> good morning, and happy thanksgiving to y'all. we all know it's getting done, whether it gets done before christmas or in january, a deal's going to get done. i think also everyone knows taxes are unfortunately -- taxes are going to go up. i don't know it's going to be at the 250 level. maybe at the 500 or million-dollar level. but taxes are going to go up and expenses are going to get cut. so we all wish they would stop the jawboning and positioning and politicking, sit in a room with dulls, both give in a little bit and move on. but they're going to push and push and push and the markets will push a deal to get it done. >> so if you were trying to decide what to do, would you just stand pat with eq
CNBC
Nov 26, 2012 6:00am EST
have something really worked out because look at what the economy -- look at where consumer sentiment is over the last couple months. i don't think they can really, you know, run the risk of that falling back. we made so much improvement over the last couple months. at least macroeconomicly, they can't run the risk of this thing going over. >> what does it mean for the stock market and how many different things are affecting it right now? i figure not knowing where tax policy is next year, some people know it will be hire, so they're probably just going to sell into december 31st. and then you've got continuing problems in europe, as well, morgan stanley has a report out about possible recession in 2013. what are the factors that influence the market at 13,000 and do you think it's a good time to ad money or take money out? >> short term, i think the feeling is that things are going to work out. so we'll be in this range here of in the s&ps 1390, 1420. i think if we break 1390, we get down to that next 1360 level will, again, there is so much money on the sidelines waiting to do somet
CNBC
Nov 27, 2012 9:00am EST
as the eu and imf agree on terms of debt sustainability. where does it leave the greek economy which has already shrunk by nearly a fifth? >>> and warren buffett on tv this morning saying he wouldn't sell a single share of stock even if he was guaranteed the u.s. goes off the fiscal cliff. just wait until you hear who he thinks should be the treasury secretary. >> we'll begin of course with the deal of the day. conagra foods has agreed to acquire ralcorp for $5 billion. $90 a share in cash. 28% premium to the closing price on monday. kayla tausche reported on potential for a deal between the two companies back in 2011. it creates the largest private label food company in north america. this is a big deal. >> yes, it is. it's big in size in terms of what we've seen in this market. look how excited he is. and they finally got it done. it's been one as you pointed out that was around in 2011. they couldn't get it done. that is conagra. they walked away. ralcorp stock price fell dramatically. they split the post cereal division from ralcorp. the two trade separately. so you did have a compan
CSPAN
Nov 28, 2012 7:00am EST
coverage on c-span2. >> thank you the government has taken action to protect the economy to achieve strong sustainable and balanced growth. because of this action in over 1 million private sector jobs created across the uk since we came to power. >> in the interests of the honorable gentleman let's have a bit of order. mr. andrew sullivan. >> in two years this government has greater 1.2 million net new private sector jobs, nearly double the amount the last government created the last 10 years. how have we done this in wales? >> i'm very pleased to inform the house we are seeing similar good progress in wales. an estimated 60,000 additional private sector jobs have been created in wales since may 2010. >> order. questions to the prime minister. henry smith. >> number one, serve. >> thank you, mr. speaker. i'm sure before answering the whole house will wish to join me in expressing our sympathies to the terms of the appalling flooding we've seen across our country in recent days. and also in getting support and praise to our emergency services, the police, fire, and the service and invited a
CSPAN
Nov 21, 2012 8:00pm EST
, they spent a lot of time thinking about the future. so in the next four years who can i trust on the economy, on social issues and foreign policy. and we live in a country that is even pli divided politically and we have close elections. our victory in 2008 was a landslide. it was clear this election was going to be closer, fwiven the economy and divisions in the country. with that being said, we still won electoral college, maybe not a landslide but a clear majority. our popular vote is 3% which is a healthy margin. and i think the reason we won is people understood where we had been economically. all of you have lived through the recession. this is not something that is an academic theory. everyone painfully lived through the recession. we are beginning to recover from that. the economy has created jobs over 5 fnt 5 million jobs which our economy is far too week but the electorate said i'm beginning to feel some progress. does that mean i'm satisfied? of course not. but i'm beginning to feel some progress and i think people thought it was a risk to go back and try economic policies that le
CNBC
Nov 21, 2012 9:00am EST
people are flying. another reason is because of the economy, some people are saying i'm going to hold off in terms of booking a flight especially because fares are not dropping. because there's limited capacity. the airlines have been able to hold fares at a fairly consistent level. they are down according to aa compared to last year. still, you won't find too many bargains unless you're looking for last minute deals to nontraditional places. one other thing, guys, as we take a look at rental car stocks, you've heard a lot of stories over the last couple of days. it's true. if you were looking to rent a car in the northeastern united states, which some people do during the holiday weekend, good luck because most of them are already spoken for. this is the carryover effect from superstorm sandy. so many cars were damaged, destroyed during the storm. as a result, rental cars have been tight for some time in the northeastern united states. and that's the case this weekend. a lot of people, believe it or not, guys, they do like to rent a car in order to make the trip of 300 or 400 miles. this
CNN
Nov 23, 2012 11:00am PST
for the overall health of the economy. but first, mass protests are erupting in egypt after a sudden power grab. in cairo's tahrir square, thousands are chanting for regime change. they say egypt's new president is acting like a dictator. president mohamed morsi granted himself sweeping new powers yesterday, basically morsi now has absolute power for six months. his opponents say he's acting like a new pharaoh. the u.s. state department is calling for calm and encouraging all parties to work together. morsi declared all his laws, all his decrees are final and cannot be overturned or appealed until egypt's new constitution is put in place. just days ago, people around the world were praising morsi for his pivotal role in negotiating the israel/hamas cease-fire. today, protesters set fire to a symbol of morsi's power, the muslim brotherhood headquarters in alexandria, egypt. morsi supporters clashed with protesters there. morsi is defending his new powers, saying he's not taking sides and the steps he took are meant to achieve political and social stability. reza sayah joins us live in cairo. rez
CNN
Nov 26, 2012 9:00am PST
the other families who have left, you have to talk about the state of the economy. they are not able to find jobs that they used to, and also, it's becoming more and more dangerous to cross the border. not only because of the -- what happens at the border, but because the mexican border states are increasingly under the control of mexican drug cartels, so if you put all of that together, it's creating this situation where mexicans are returning to the united states in record numbers. as a matter of fact, a million mexicans return to mexico between 2005 and 2010. a rate that has want been seen since the 1960s. >> that family finally, do they a desire for their kids to go back when they turn 18, to go back to the united states? is that part of the plan? >> the main problem right now is trying to redefine their life in mexico. luckily, both parents have been able to find jobs. the kids are going to school, so that's not necessarily a case for some of the families who have returned, but the big question now is now what? do we just forget about the life we had, or do we somehow try to apply or ho
CSPAN
Nov 25, 2012 1:00am EST
about the economy. >> when does this end? >> we have a plan. we are working on it. >> is getting worse. >> the people on top chose to look away. >> if the transactions are so useful, how come they brought down the financial system? >> my parents fight about money. >> i told my wife, this is not america. it is full of wonderful people. we will see if they can help us. >> it is tough on us. >> i will ask personal questions. do you smoke? curse? >> it is a question that has to be answered. >> you are very friendly. >> what is wrong with you? >> i do get it. >> you are simpletons. >> i ask you a simple question. >> did you think you would get away with that? >> that is an excellent question. >> you are you? >> how many times have you been indicted? >> do you have any friends? >> you have got it wrong. >> how does that make sense? >> what do you think is going on here. >> i am gay and jewish. >> what kind of republican are you? >> afghanistan. >> health care bill. >> the unemployment problem. >> we have got a lot more work to do. >> why is it taking so long? >> when we flew over this, i sai
FOX News
Nov 22, 2012 9:00am PST
." >> a new holiday spending bonanza. americans are feeling more confident about our economy. will lead to the great of growth, and what could set us back? >> also, an arrest in a string of murders in new york city connected to one gunman. what we are learning about the man that police in new york city say was poised to strike again. and a large bird crashes through the cockpit plane of this airport. details of the scare in the air for the pilot and passengers. it's all "happening now." >> but first, the cease-fire truce may be fragile, but it appeals to be holding. i am heather childers in for jenna lee. >> and i am rick scott in for jon scott. with egypt's president mohammed morsi, it is a big test for the new leader. steve harrigan is live in cairo. some are saying that mohammed morsi is the real winner here. you have all sides facing the same person. americans giving him high marks for his mediation, even some israeli officials praising the president. as far as the mediation goes, there were some concerns about which direction he would say, a long-term member of the muslim brotherho
CNN
Nov 26, 2012 8:00am PST
that money is in the economy if you have those taxes rise on the middle class. it's really, john, the latest from the white house. it comes on the same day warren buffett writing in the "new york times" in an op-ed saying rich is $500,000 a year, and let's tax them. let's have a 30% minimum tax for the income above $1 million of rich people. look what he said here. the "forbes" 400, wealthiest individuals in america hit a new group record. $1.7 trillion, more than five times the $300 billion total in 1992. he says you know, my gang has done pretty well. so leave the middle class alone. and so these two kind of the 1-2 punch from the white house perspective, at least, today on what we should be doing in debt talks. >> buffett is interesting. he said he doesn't think it will be that big a deal if we go off the cliff. >> he says don't worry about raising taxes on investments and income from investments. he said, i will do a good deal, because it's a good deal. not because my taxes are going to be a certain rate. so he has pounded this -- beat this drum for some time. but this is the white house
NBC
Nov 25, 2012 6:00am PST
where they can. >> the factors that are behind these numbers relate primarily to the economy and, as we all know, the economy is still sluggish but there is improvement. >> reporter: aaa estimates 45% of travelers left the wednesday before thanksgiving with 36% returning today and another 25% returning on monday. and if the big travel day before thanksgiving was any indication, it could be a long journey home. this is what it looked like on the 405 in los angeles on the big getaway day with traffic backed up for miles. and on thanksgiving morning, as drivers headed out on i-10 east outside beaumont, texas, dense fog caused a deadly chain reaction pileup involving 100 vehicles. husband and wife, vincent and debbie leggieo, were killed. 100 people injured and the trail of twisted wreckage stretched for two miles. and now forecasters say more fog and even snow in parts of the midwest and northeast could make it a little tougher getting home after a long holiday weekend. and, again, the roads along the new jersey turnpike this hour so far so good but later today, erica, this could be a virt
NBC
Nov 27, 2012 7:00am PST
for that the economy is finally on the mend? we're going to ask a guy who just might be the best investor ever to walk this earth. how is that for an introduction. >> pretty good. >> warren buffett, glad to have you here. >> all right. an important health warning. if you've having a grapefruit or grapefruit juice for breakfast this morning, it can have serious, even fatal side effects, if you're using certain medications. dr. nancy snyderman will be here to explain that. >> a lot of medications take. like mother, like daughter. anna nicole smith's little girl is modeling for the clothing brand guess just like her mother did. we'll have more on that story. >>> we're also going to tell you about a recent health scare for oprah winfrey. >> we want to begin with cyber monday, big success. diana alvear is live from phoenix at the amazon.com fulfillment center. good morning to you. >> reporter: lots of happy faces on the floor this morning. now that it's clear the consumers were out in full force, shopping with their laptops, their devices, turning amaz amazon.com into their top online destination. whether
CNN
Nov 26, 2012 2:00am PST
be resolved and it puts the focus again back on what's happening in the u.s. economy. what's happening in the u.s. economy? it slowly is healing job market is starting to filter into sentiment. and the housing market is showing some notable signs of improvement. this week we're going to hear more on the housing market. manufacturing sector, also some consumer data. we're going to get some fed regional reports from the federal reserve. also going to get a gauge of gdp, gross domestic product. gdp is the broadest gauge of economic growth. prior quarter was something like 2%, not great. we think that maybe they're going to think this quarter was more like 2.8%, which would show, again, that healing in the market overall. a quick focus for you on the housing market. this is something you probably felt most directly. in part because we have record low mortgage rates. last year the 30-year fixed fell to 3.31%. the 15-year fixed, this is the popular refinancing tool, 2.63%. many of you are telling me you can't qualify. i'm telling you, these rates are going to stay low for a long time so you
FOX News
Nov 26, 2012 3:00am PST
and business morse certainty about the economy. but he wants those with incomes over $250,000 a year to pay a little more in taxes as we all know. which has been a sticking point with the gop. but now some republican lawmakers who earlier pledged to not vote for anything with a tax increase now appear ready to relink wish that pledge in order to avoid the looping fiscal crisis. >> i would be very much opposed to raising tax rates, but i do believe we can close a lot of loopholes. >> they have to go up either real tax rates or effective tax rates. there is ways of doing that. secondly, though, we've got to close significant loopholes. >> bottom line, getting back to the report, the president is asking congress it act now specs tend the tax cuts for the middle class. they say the holiday season is not a time to threaten middle class pocketbooks. back to you. >> steve: thanks very much. the white house wants all the people who voted for barak obama to flood congressmen with e-mail and also with video messages via youtube saying why we should raise taxes on the rich. >> gretchen: so it's mainly
KBCW
Nov 25, 2012 8:30am PST
's not over ye, it's still a very tricky economy in ca (anchors react to pkg) huge powerball jackp . >>> now on to governor brown. what do you think we will see with him in the coming year. >> well, he solved the problem of whether or not to run for re- election, but if california becomes the number one state in the country on recovery side, first to solve the problem on the finance side. he has take an first step to do that. the next step will be can you keep local publics from going bankrupt. he will do that, as well. you will see a dramatic change in the employment category for california. when all that happens jerry will be able to go across the nation saying i didn't follow my need. >> nonif i should take off right now. the idea of him running for president yet again? what do you think? >> the country is open to lots of possibilities, i think, but a buddhist president, an 80-something-year-old buddhist president, i don't think we are ready for that. >> you don't see him doing that anymore. >> that is true, but -- . >> he is quoting the bible more. >> so, maybe he is running fo
CSPAN
Nov 22, 2012 1:00am EST
, but we have been around the south to understand -- th would be a great driver for our economy. we are over performing the rest of the world right now. if we can actually -- for the business community and the american people say we have our fiscal house in order for a 20 period and will still be able to invest in education and technology and rearch -- this will create the conditns for our growth to be stronger. this is going to get harry. these are big stakes -- the debt ceiling is concern to everyone. it is more amorphous for the average person -- this means if congress does not act, everybody in the country will pay more taxes. think about that -- $2,000 of the pockets of most americans, what that will do to consumption, confidence and small businesses -- this could not be more serious. i remain confident because t stakes are so high. we have a firm deadline. we wilmake some progress. i think what we need to do -- let's go for the big deal, let's go for something that we can say for a 10-20 year period, our country is on the way to sustainable fiscal path. the on the way it gets
CSPAN
Nov 24, 2012 7:00pm EST
come to a close. to many americans are out of work. our national debt exceeds the size of the economy and threatens to derail our children's future. as a mother, this is a constant worry. yet today we will honor the thanksgiving tradition with wishes of peace and grace. we will pray for those less fortunate. we will think of service members away from home and give thanks for them and their families. our hearts will go out to the families without power after hurricane sandy. we will look ahead to the holidays and a new year. that same spirit of optimism that brings us together today should inspire us all year round. that is why here, in washington, d.c., republicans have reached out to president obama in the hope of working together to help our economy grow and solve the debt that threatens our children's future. the clock is ticking. one month from now, unless congress and the president take action, the current tax rates will would expire and we will experience the largest tax increase in u.s. history. amid so much economic suffering, raising taxes would have a devastating impact on o
CNN
Nov 26, 2012 11:00am PST
that this could have a crushing impact on the u.s. economy. what are they saying about this? >> well, that's the problem for policymakers. i do think both republicans and democrats they want a deal. leaders want a deal because this really could be an economic catastrophe. i mean, that's what something that ben bernanke warned repeatedly. put politics aside for a little bit and try to get a deal. but both sides want to get the best deal possible and you're in the going to see any deal anytime soon because we have until january 1st. >> so you're saying they're going to wait until the last second. >> last second, up to christmas, if not new year's. this week when congress comes back and into next week, you see jockeying for leverage. that's what's going to happen. no major deal is going to reach -- be reached much before christmas if there is a deal. >> no plan for bob cusack celebrating the new year. you'll be on the hill waiting for a deal. we'll continue the conference. i appreciate it. switching gears, just into us at cnn, new damage estimates from superstorm sandy. to alison kosik live f
ABC
Nov 26, 2012 7:00am PST
, it looks like. thanks so much. >>> so, was the holiday weekend, the boost that the u.s. economy needed. abc's bianna golodryga is here. >>> good morning, it's not just the thrill of finding a great deal. take a look at this. consumer spending makes up 70% of the u.s. economy and 40% of that will happen in just these two months, november and december. so how did we fare over the past two days? not too shabby. $59 million spent. the average american in the past four days spent some $423. interesting to note, though, that black friday sales were actually down nearly 28% this year compared to last year. why? well, i guess a lot of people excused themselves thursday night from thanksgiving dinner, went out to the stores shopping. overall, we're expected to see a 4.1% increase from last year. that is very good news for the u.s. economy. of course, thanksgiving came early this year. we'll see if americans continue the spreading spree up to christmas. amy? >> it's all about having more days to shop. bianna golodryga, thank you so much. >>> let's head to josh elliott with the other top stories devel
ABC
Nov 26, 2012 4:00am PST
for the economy. tahman bradley, abc news, washington. >> in addition to the deals that tahman mentioned. electronics are also today. kindle fire is $30 cheaper. and a panasonic tv by 60 ps. not bad. we've got even more cyber monday deals coming up later today on "good morning america." >>> and we breaking news overnight from bangladesh where yet another fire has broken out at a garment factory. at least eight people were hurt in today's fire, and this comes after more than 100 workers died in a blaze at a similar fact tore nearby. officials say the death toll would have been much lower. but there were no emergency exitses in the nine-story building. the factory made clothing for walmart and other stores in the u.s. and britain. survives say when the fire alarm went off, they were told it was a malfunction and to go back to work. >> an avoidable tragedy. >>> and this is expected to be another tumultuous week for egypt's president mohamed morsi. they clashed in the square in cairo yesterday. a teenager was killed and 40 people hurt. morsi who, of course, brokered the mideast cease-fire la
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